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For finance leaders, Gen AI can help in cash flow projections, impact analysis for tax strategies, forecast outcomes for mergers and acquisitions and even various scenarios of capital planning. For management, Gen AI can help with scenario planning and decision-making analysis.
Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation.
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